NEW YORK STOCK EXCHANGE
GREAT BURST OF BUYING
(Rec. January 8, 5.5 p.m.) New York, January 6. The stock market has experienced keen activity during the past few days of a variable nature, commencing on January 5, when many stocks fell considerably, causing speculators to drop out and creating many millions of dollars paper losses. Strong recuperative power was shown next day, and culminated to-day in a burst of buying unseen for many months. The incentive for a market rush was President Coolidge’s statement, after yesterday’s close, that the recent sharp increases in brokerage loans were natural, and should cause no alarm. . Such loans made to brokers for speculative purposes totalled last week 3,810,000,000 dollars. The prices of .many issues soared to new high levels. The entire list participated in the half-hour advance, after which profit-taking and week-end selling partly erased the gains. ~
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Dominion, Volume 21, Issue 85, 9 January 1928, Page 9
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143NEW YORK STOCK EXCHANGE Dominion, Volume 21, Issue 85, 9 January 1928, Page 9
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